Ingles net income soars in Q2

Asheville, N.C. – A significant increase in gain from the disposal of assets helped boost net income 37% at Ingles Markets Inc. in the second quarter of fiscal 2015 to $14.3 million, from $10.5 million in the same quarter a year earlier. Lower gasoline prices helped reduce net sales 3% to $915.3 million, from $947.76 million.



Excluding gasoline, same-store sales rose 1.2%.



“We will continue to add products and amenities that appeal to our customers,” said Robert P. Ingles II, CEO. “Our first half results reflect that, as well as the hard work of our associates.”